Lynch & Associates IN boosted its stake in shares of Wells Fargo & Company (NYSE:WFC) by 3.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,925 shares of the financial services provider’s stock after acquiring an additional 3,943 shares during the quarter. Wells Fargo & Company accounts for about 2.6% of Lynch & Associates IN’s investment portfolio, making the stock its 9th largest holding. Lynch & Associates IN’s holdings in Wells Fargo & Company were worth $6,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Boston Partners raised its position in Wells Fargo & Company by 140.1% during the 2nd quarter. Boston Partners now owns 19,088,621 shares of the financial services provider’s stock valued at $1,057,700,000 after purchasing an additional 11,139,780 shares during the last quarter. Capital World Investors raised its position in shares of Wells Fargo & Company by 10.8% in the 2nd quarter. Capital World Investors now owns 111,753,448 shares of the financial services provider’s stock worth $6,192,259,000 after acquiring an additional 10,927,679 shares in the last quarter. Capital Research Global Investors raised its position in shares of Wells Fargo & Company by 19.7% in the 2nd quarter. Capital Research Global Investors now owns 45,327,803 shares of the financial services provider’s stock worth $2,511,614,000 after acquiring an additional 7,445,414 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wells Fargo & Company by 26.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,838,289 shares of the financial services provider’s stock worth $1,653,464,000 after acquiring an additional 6,291,906 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Wells Fargo & Company by 396.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,894,918 shares of the financial services provider’s stock worth $326,655,000 after acquiring an additional 4,707,207 shares in the last quarter. Institutional investors own 75.77% of the company’s stock.

WFC has been the subject of several research reports. Robert W. Baird reissued a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & Company in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods set a $61.00 target price on Wells Fargo & Company and gave the stock a “buy” rating in a research report on Friday, August 25th. Instinet reissued a “buy” rating and issued a $65.00 target price (up previously from $64.00) on shares of Wells Fargo & Company in a research report on Saturday, September 30th. Nomura increased their target price on Wells Fargo & Company from $64.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. Finally, Citigroup reissued a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & Company in a research report on Monday, October 9th. Five investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Wells Fargo & Company currently has a consensus rating of “Hold” and a consensus target price of $57.25.

In other Wells Fargo & Company news, VP Richard Levy sold 97,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.47, for a total transaction of $5,477,590.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John R. Shrewsberry sold 70,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $56.90, for a total value of $3,983,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,482 shares of company stock worth $10,471,050. Company insiders own 0.22% of the company’s stock.

Shares of Wells Fargo & Company (WFC) traded up $0.65 on Monday, reaching $59.87. The company’s stock had a trading volume of 36,467,500 shares, compared to its average volume of 18,508,434. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 1.32. Wells Fargo & Company has a 1-year low of $49.27 and a 1-year high of $60.65. The stock has a market cap of $294,815.50, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 1.44 and a beta of 0.96.

Wells Fargo & Company (NYSE:WFC) last issued its earnings results on Friday, October 13th. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.20). Wells Fargo & Company had a net margin of 22.00% and a return on equity of 12.59%. The business had revenue of $21.93 billion for the quarter, compared to analysts’ expectations of $22.30 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. equities analysts expect that Wells Fargo & Company will post 3.97 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 3rd were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Thursday, November 2nd. This represents a $1.56 annualized dividend and a yield of 2.61%. Wells Fargo & Company’s dividend payout ratio is 40.31%.

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About Wells Fargo & Company

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.

Institutional Ownership by Quarter for Wells Fargo & Company (NYSE:WFC)

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